STEP Diploma Practice Questions - Society Of Trust And Estate Practitioners (STEP) Diploma In Trusts And Estates (Ireland) Exam

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Where a testator dies leaving a spouse but no children, what is the surviving spouse's Legal Right Share (LRS) under Section 111 of the Succession Act 1965?

One-third of the net estate. One-half of the net estate. Two-thirds of the net estate. The entire estate up to a value of €500,000, and half of any residue.

Correct Answer:

One-half of the net estate.

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